ProShares UltraShort Yen (NYSEARCA:YCS) Shares Down 1% – Time to Sell?

Shares of ProShares UltraShort Yen (NYSEARCA:YCSGet Free Report) traded down 1% during mid-day trading on Monday . The company traded as low as $42.20 and last traded at $42.46. 9,014 shares were traded during trading, a decline of 20% from the average session volume of 11,267 shares. The stock had previously closed at $42.88.

ProShares UltraShort Yen Stock Performance

The stock has a 50-day simple moving average of $45.62 and a 200-day simple moving average of $44.01.

Institutional Investors Weigh In On ProShares UltraShort Yen

An institutional investor recently raised its position in ProShares UltraShort Yen stock. Nkcfo LLC lifted its stake in ProShares UltraShort Yen (NYSEARCA:YCSFree Report) by 100.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,500 shares of the company’s stock after buying an additional 51,250 shares during the period. ProShares UltraShort Yen makes up 2.1% of Nkcfo LLC’s portfolio, making the stock its 11th biggest position. Nkcfo LLC owned 22.85% of ProShares UltraShort Yen worth $4,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares UltraShort Yen Company Profile

(Get Free Report)

The ProShares UltraShort Yen (YCS) is an exchange-traded fund that is based on the Japanese Yen per U.S. Dollar index. The fund provides a 2x inverse multiple to the daily performance of the Japanese yen spot price against the US dollar as measured by Reuters. YCS was launched on Nov 25, 2008 and is managed by ProShares.

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